Tag: TU
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Tuition Reduction
Tuition Reduction means:a benefit often provided to employees of educational institutions and their dependents; tuition reduction is excludable from gross income. Tax-free educational assistance up to $5,250 is available to employees under certain employer plans. Former IRC (check <a href="http:…
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Tuition
Tuition means:an amount paid to an educational organization that normally maintains a regular faculty and curriculum and normally has a regularly enrolled body of students in attendance at the place where its educational activities are regularly carried on. Tuition is not tax deductible unless i…
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Turnover Tax
About Turnover Tax: General term used to refer to the different forms of consumption and sales taxes. Turnover is the volume of business of an enterprise as set forth in the profit and loss account. It is usually measured by reference to the gross receipts, or gross amounts due, from the sale of goo…